Michael Gordon, analyst at Westpac, notes that the New Zealand’s trade deficit in January was larger than expected, with exports slowing while imports held up. Key Quotes “Balance: -$914m (Westpac f/c: -$500m, Market: -$300m) Exports: $4,403m (Westpac: $4,600m, Market: $4,800m) Imports: $5,317m (Westpac: $5,100m, Market: $5,000m) Annual balance: -$6,358m (last: -$6,106m)” “New Zealand’s trade deficit for January was much larger than expected, reaching close to a billion dollars. There was also an unusually large $158m downward revision to the December surplus. The annual deficit is now at its widest since October 2006.” “Most of the surprise was due to weaker exports, which were down 7.8% in seasonally adjusted terms.” “Imports were largely in line with our forecast, except for the purchase of a large plane worth around $200m (we expected this to be recorded in the February figures).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: Weak Q4 construction activity – ANZ FX Street 4 years Michael Gordon, analyst at Westpac, notes that the New Zealand's trade deficit in January was larger than expected, with exports slowing while imports held up. Key Quotes "Balance: -$914m (Westpac f/c: -$500m, Market: -$300m) Exports: $4,403m (Westpac: $4,600m, Market: $4,800m) Imports: $5,317m (Westpac: $5,100m, Market: $5,000m) Annual balance: -$6,358m (last: -$6,106m)" "New Zealand's trade deficit for January was much larger than expected, reaching close to a billion dollars. There was also an unusually large $158m downward revision to the December surplus. The annual deficit is now at its widest since October 2006." "Most of the surprise was due to weaker… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
